CPA Offers Encouragement to Employers As City Jobs Fall
11th January 2018.
The much-hyped job boom of recent years has officially come to an end. As employers get more nervous about Brexit, less and less are advertising for more staff. Many of our members are in fear of how their business will look on the other side of Brexit, and are hiring timidly as a result. We again insist that Brexit is not the end, and encourage business owners to keep strong in all aspects of their business.
A report by recruiter Morgan McKinley has found a distinct decline in the number of vacancies, and in particular, within the financial services industry.
According to the report, firms are holding back on hiring plans as they mull over relocation post-Brexit.
The recruiter revealed the number of jobs available in December fell 52 percent, while the number of jobseekers throughout the year tumbled 30 percent from a year earlier.
Fortunately for employers, there has been a massive decrease in the numbers of workers willing to change jobs, as many are unlikely to find a significant change in salary.
In response, businesses like PwC and EY have announced their plans to “grow their own pipeline” and train talent themselves. EY has further announced plans to use technology to enhance productivity, freeing up time for humans to do “more meaningful work”.
Similarly, there are ways that business owners and employers can bypass the current skills gap and declining employment. The Credit Protection Association recommends varied training programmes for your employees to encourage ambition and loyalty, keep communications open with your employees to allow them to voice any concerns or ideas within the company, and also keep them aware of any preparations and amendments you have in mind for after Brexit. Keep them interested and involved.
Above all, keep your accounts up to date. The best thing you can do for your employees is to make sure they always have a business to work for. If you do have any slow, late or non-payers, come to CPA for recovery. We will keep you and your employees on the right track.
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
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